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Thursday, August 27, 2015

Update on Dollar Index & EUR 27 Aug 2015




Enjoyed both side movement or not??? Just trade with levels only





Have a look on it!!




Dollar Index




As expected... Dollar Index skyrocketed and made a high of 95.44. We recommended buying around 93.50---93.20 with stop loss of 92.50







Now what to expect???



Above 95.50 will see further upside rally till 96.20---96.80 and then to 97.50+ mark in days to come



Any sharp panic will be buying opportunity with stop loss of 92.50 on closing basis






EUR




Not able to breach its resistance level of 1.18 and crashed vertically to 1.1290. We recommended selling around 1.1650 mark for the downside target of 1.13---1.12





 


Now what to expect???



 Still looks weak and could test its support level of 1.12. Weekly close below 1.12 will see further panic till 1.10---1.0850 mark




Any sharp rise will be selling opportunity but trade with levels only.